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Tax Reform for Pass-Through Entities: IRS Regulations, Planning Techniques, Loopholes, QBI Deduction and Limitations

Recording of a 90-minute premium CLE/CPE webinar with Q&A

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Conducted on Thursday, February 21, 2019

Recorded event now available

or call 1-800-926-7926

This CLE/CPE course will provide tax counsel and advisers with a review of the application and impact of the current tax law on pass-through entities. The panel will discuss new tax law changes impacting pass-through entities, recent IRS regulations, and provide tax planning strategies to optimize tax benefits and avoid pitfalls.

Description

The new tax law contains permanent and comprehensive changes impacting companies of all types. The new law encompasses provisions directly affecting the income of pass-through entities, requiring careful planning to take advantage of the available tax saving options and avoid tax compliance or reporting issues.

The tax law allows additional benefits to pass-through entities that require an understanding of a variety of complex provisions. Tax counsel and advisers must be aware of the benefits and limitations of Section 199A regarding the deduction of qualified business income, the available loopholes to optimize tax savings for partnerships, LLCs and S corporations, and considerations for possible entity reclassification along with other tactics to reduce taxable income.

Listen as our panel analyzes the complex provisions of tax reform impacting pass-through entities, recent IRS regulations, and provides practical methods for compliance and tax savings.

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Outline

  1. Overview of tax law changes impacting pass-through entities
  2. New Section 199A deductions and pass-through tax breaks and limitations and the impact of the proposed regulations
  3. Section 1061 and the treatment of carried interest under new tax law
  4. Impact of the interest expense cap on pass-through entities and new developments under the proposed regulations
  5. Planning techniques and loopholes for pass-through entities
  6. Reevaluating entity classification in light of tax reform

Benefits

The panel will review these and other high priority issues:

  • Tax considerations for pass-through entities after the passage of the new tax law
  • Qualified business interest deductions and limitations on specified service industries
  • Treatment of carried interest and performance of services
  • Available tax planning techniques and loopholes for partnerships, LLCs and S corporations
  • Entity reclassification considerations for potential tax savings

Faculty

Fowler, Lynn
Lynn E. Fowler
Partner
Kilpatrick Townsend & Stockton

Mr. Fowler focuses his practice on corporate and business tax law. He specializes in helping clients develop and...  |  Read More

Mandarino, Joseph
Joseph C. Mandarino
Partner
Smith Gambrell & Russell

Mandarino is a Partner in the Tax Practice of Smith, Gambrell & Russell, LLP.  His practice focuses on...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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